PIR 0.00% $1.49 papillon resources limited

Ann: Quarterly Activities Report , page-11

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  1. 667 Posts.
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    Bog
    Who would have an interest in the share price being at its current level or lower?
    Is this the standard HC "big boys manipulating the stock to accumulate" conspiracy theory?
    Or do you have another conspiracy in mind?
    I have been a long term holder and beliver in CLN/PIR. However I like to understand the reality of the companies assets rather than be a polyanna.
    I'm sorry if a discussion of reality disturbs you.
    Reality is that anyone who has followed this story from the start would be aware of the lack of diligence in corporate governance.
    You may prefer a company to only release positive information and that share prices only ever go up. and up.
    Reality is that this company needs a detailed review and much greater management oversight. At least it looks like that is now happening.
    If that means that we need to drill more holes or verify information or revise the resource estimate to get the TRUE picture then I am fine with that.
    If the ounces are there then we will make money.
    If they are not then we will not.
    Best way to find out is to fix the historical problems BEFORE you just add to an unstable platform.
    Announcing wet drill samples (with NO disclosure) or an inflated resource estimate is only going to lead to short term gain and long term pain.
    Tell me BOG - are you working for someone who has an interest in protecting their reputation by boosting the share price based on an uninformed market by hiding bad information and ramping good information?
    Very few mining promoters have the genuine trust of the major resource investment fund managers. Those that do have earned it by telling the TRUTH.
    DYOR!
    J9


 
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